Registration insignificant, however must file release of responsibility/liability form so dmv notified of transfer of ownership. Usually on bottom of title or can print online. Then you are off the hook.
In general, the seller is responsible for a lost package until it is delivered to the buyer. Once the package is delivered, the responsibility shifts to the buyer.
In most cases, the seller is not responsible for a stolen package once it has been delivered to the buyer's address. It is the buyer's responsibility to ensure the security of their delivered packages.
Free on board means the seller doesn't charge anything to load the item onto the carrier. Once loaded, the ownership of the item switches to the buyer. The buyer is then responsible for freight charges to the destination and also would be responsible for freight claims if the item were damaged in transist.
Once you buy a car it is yours and you cannot return it. This hold good only if no issues and registration goes without any issue. for some reason if Vehicle is not registered and sold to other then the buyer can return the vehicle or even take legal action for selling a unregistered vehicle without informing to buyer.
If someone place a bid on the item and there was no reserve (or the winning bid is passed the reserve), the buyer pays for the item. The seller then posts the item or sometimes the buyer collects the item. Then both the seller & the buyer can leave feedback.
In Pennsylvania, a buyer's order only becomes consummated once the buyer has taken delivery of the vehicle. Not at the signing, but once the vehicle leaves the sellers property.
In all 50 states cars that are sold privately are sold "as is." It's up to the buyer to check out the vehicle. The seller is under no obligation to do anything once the transaction is complete.
FOB, or "Free on Board," on a bill of lading indicates the point at which ownership and liability for the goods transfer from the seller to the buyer. It specifies whether the seller or buyer is responsible for shipping costs and risks during transit. For instance, if the term is FOB shipping point, the buyer assumes responsibility once the goods leave the seller's location; if FOB destination, the seller retains responsibility until the goods reach the buyer's location.
Hire purchase refers to a financial arrangement where a buyer can acquire goods by paying an initial deposit followed by regular installments. Common examples include purchasing vehicles, furniture, and home appliances. In this arrangement, the buyer typically gains the right to use the item immediately but does not own it until all payments are completed. Once the final payment is made, ownership is transferred to the buyer.
In a CIF (Cost, Insurance, and Freight) shipment, the seller is responsible for the costs associated with transportation, insurance, and freight to the destination port. However, the buyer is typically responsible for customs clearance and any duties or taxes upon arrival at the destination. Therefore, while the seller covers costs up to the port, the buyer handles clearance and related expenses once the shipment reaches the destination.
A single trade discount is a reduction in the listed price of goods offered by a seller to a buyer, typically based on the buyer's status as a wholesaler or retailer. Unlike multiple discounts, which apply sequentially, a single trade discount is applied once and is expressed as a percentage of the original price. This discount incentivizes bulk purchases and fosters long-term business relationships. The final price after the discount is what the buyer pays for the product.
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